The prime objective of Life Insurance Corporation of India (LIC) is to provide the facility of life insurance policies to people of every section in our society, so that they can purchase suitable insurance policies easily, irrespective of their financial capabilities. LIC provides incredible financial coverage on account of death, at a great budget-friendly premium rate.
Life Insurance Corporation of India is considered to be a pioneer in the domain of insurance and offers a great range of comprehensive insurance policies to individuals, thus helping to maximize the savings capability of the respective policyholders.
LIC has a vision to protect the interests of policyholders and play a pivotal role as a trustee. They are working hard to constantly fulfil the expectations and requirements of people by providing the best value with their insurance products.
What Is Covered By Life Insurance Corporation (LIC)
Technology has advanced so much that more and more people have become tremendously tech-savvy. Due to incredible digitization, LIC has completely digitalized its setup. LIC is the most reliable Life Insurance Company in India and more and more people are putting their faith in different life insurance policies offered by the LIC.
In order to provide hassle-free and streamlined services to a large number of customers of varied financial capability, LIC has initiated LIC e-services. Due to these online services, the policyholders can now easily avail online facilities that were earlier available only at the brick and mortar office.
LIC e-service is a great initiative offered by LIC to provide on-demand services to its policyholders with just a few clicks. Facilities that policy-applicants can avail online services such as Policy Schedule, Bonus Status, E-service registration, Revival quotation, Policy Status, Claim Status, Premium due to calendar, Loan status, online premium payment facilities, Premium paid certificate, online payment facilities, etc.
LIC of India Term Plans:
LIC term policies provide protection and security to the policyholders at budget-friendly costs. The term policies offered by LIC, provide considerable benefits on account of the sad demise of the policyholders throughout the time-period of the plan.
The policyholder is not paid any maturity value within this specific plan in case of survival of the individual upon the termination of the plan. The LIC term policy comes at a very affordable cost and provides high coverage at affordable premium rates.
Anmol Jeevan II:
Life Insurance Corporation of India offers Anmol Jeevan II that offers incredible financial security to the policyholder’s family in the event of the sad demise of the respective policyholder. Anmol Jeevan II comes with an incredible death benefit.
Amulya Jeevan II:
This particular plan offered by the LIC is a great protection plan and protects the requirements and expectations of the policyholder’s family whenever he/she is no more. Amulya Jeevan II provides death benefit.
LIC India offers an e-term plan that provides the facility of financial protection to the policyholder’s family following his or her death.
LIC of India Pension Plans
Everyone desires sufficient savings to lead a financially stable retirement life. LIC offers a number of pension plans that provide a guarantee of financial protection when one grows old.
LIC offers three incredible pension plans- Jeevan Akshay-VI, New Jeevan Nidhi (of LIC), and Pradhan Mantri Vaya Vandana Yojana.
Jeevan Akshay-VI plan offered by the Life Insurance Corporation of India is an immediate annuity plan that can be purchased by paying a lump sum amount. Jeevan Akshay-VI offers incredible annuity payments on the assured amount throughout the lifetime of the annuitant.
New Jeevan Nidhi
LIC offers an incredible New Jeevan Nidhi plan – it is a conventional with-profits pension policy, accompanied by combinations of protection as well as saving features. The New Jeevan Nidhi plan provides death cover in times of the deferment time frame.
Things You Cannot Miss About Life Insurance Corporation (LIC)
LIC offers several insurance policies and it is difficult to choose the best plan. Prior to selecting a suitable insurance policy, you need to check different aspects. You can avail several benefits from Maturity Claim, Double Accident Benefit Claim, Death Claim, and Disability Benefits Claim. By selecting the best policies, you can secure the lives of your family members.
Life insurance policies are very important to provide security and protection in different phases of your life. Compare several insurance policies online on websites such as Coverfox.com and choose the best policies for you.